Reference no: EM132999088

Conduct an end-point financial analysis and working capital analysis for Target retail Corporation. Using historical financial statements (income statements and balance sheets) for the firm, analyze the financial performance and changes to the firm over a ten-year time period. Identify the major changes in the firm's financial performance over this time period. Include an analysis of: 1) overall changes/growth in the firm's revenues, assets, and liabilities; 2) common-size statements; 3) ratio analysis; and 4) analysis using the DuPont model.

Using the same financial statements from your Financial Analysis (Part II), provide an analysis of the firm's working capital policy and changes to this policy over a ten-year period. Your working capital analysis should include the following: 1) overall level and change in WC over the time period and the factors that caused these changes; 2) calculation of the Cash Conversion Cycle for the beginning and ending period and a discussion of causal factors and implication of these changes; 3) overall assessment of the firm's working capital policy (i.e., is it conservative, moderate, or aggressive?). Compare your results to the firm's industry averages.

Provide the conclusions regarding which way the major ratio categories are trending.